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Senators demand investigation into SEC rule reconsiderations

Joe Mont | March 31, 2017

There are at least two ways to view decisions by Michael Piwowar, acting chairman of the Securities and Exchange Commission, to reconsider rules related to conflict minerals and the disclosure of CEO pay as a ratio to a company’s median employee.

The supportive view: Piwowar is enacting the sort of ‘look back’ that should be a normal process as regulations age; and he is providing the next full chairman (likely nominee Jay Clayton) a fresh set of data that may prove useful as the rules are revised, repealed, or (albeit unlikely) left alone.

That latter view best fits a quartet of...

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